Richard Holden Promoted to President of Property Management
The real estate development and management services company Newmark announced that Richard Holden is being promoted to President of Property Management. He’ll be overseeing the company’s service line and is tasked with improving operations and service assets for the commercial real estate division.
“Newmark’s Property Management service line has an important impact across lines of business throughout the organization,” Holden said after his appointment. “With a clear path to growth and opportunities, I look forward to continuing to work with Newmark’s Property Management team, offering our clients a full suite of industry-leading services.”
Holden will answer to Newmark’s Chief Revenue Officer and East Region Market Leader, Luis Alvarado. For his part, Alvarado applauded the newly appointed president for his contribution to the company.
“Richard has brought tremendous value to Newmark and has continued to deliver the top-level service to which our clients are accustomed. We look forward to seeing him grow and flourish in his new role as a valued member of the Newmark family,” Alvarado said.
Holden previously served as Executive Vice President and Co-head of Property Management. He was primarily focused on ensuring efficiency in Arizona, California, Colorado, Minnesota, Nevada, Oregon, Utah, and Washington. Before joining Newmark in 2019, Holden was the Executive Vice President at the commercial real estate consulting company Davis Partners for over five years, where he helped with the company’s growth. He was also a partner at Woodmont Real Estate Services for seven years.
Newmark supports over 150 million square feet of properties with its real estate management services which include customer service, maintenance and engineering, and tenant experience. Its property management division focuses on property-related service delivery. Newmark was established in Manhattan in 1929 and remains one of the biggest commercial real estate companies to date. In 2020, Newmark’s revenue was over $1.9 billion. They have 500 offices worldwide and 18,800 employees.